Argentina: Merchandise exports decline in October
November 24, 2022
Merchandise exports plummeted 11.5% over the same month last year in October (September: -2.2% year-on-year). October’s figure marked the sharpest contraction since December 2020. Meanwhile, merchandise imports jumped 15.8% over the same month last year in October (September: +18.8% yoy), marking the weakest reading since January 2021.
As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 0.0 billion in October (September 2022: USD 0.4 billion surplus; October 2021: USD 1.6 billion surplus). Lastly, the trend pointed down, with the 12-month trailing merchandise trade balance recording a USD 3.4 billion surplus in October, compared to the USD 5.0 billion surplus in September.